Top investors say ShiftPixy Inc. (PIXY) ticks everything they need

ShiftPixy Inc. (NASDAQ: PIXY) stock fell -12.37% on Friday to $0.41 against a previous-day closing price of $0.47. With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.03 million shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $0.4704 whereas the lowest price it dropped to was $0.3900. The 52-week range on PIXY shows that it touched its highest point at $26.00 and its lowest point at $0.36 during that stretch. It currently has a 1-year price target of $1.30. Beta for the stock currently stands at 1.15.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PIXY was down-trending over the past week, with a drop of -3.05%, but this was down by -35.92% over a month. Three-month performance dropped to -85.14% while six-month performance fell -91.01%. The stock lost -97.90% in the past year, while it has lost -98.04% so far this year. A look at the trailing 12-month EPS for PIXY yields -58.50 with Next year EPS estimates of -1.94. For the next quarter, that number is -0.48. This implies an EPS growth rate of -80.90% for this year and 1.00% for next year.

Float and Shares Shorts:

At present, 12.18 million PIXY shares are outstanding with a float of 3.57 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.12 million, which was 0.96% higher than short shares on Jul 30, 2023.

Institutional Ownership:

Through their ownership of 3.04% of PIXY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.34% of PIXY, in contrast to 0.16% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PIXY with 0.12% of the stake, HRT Financial LLC holds 15,032 shares worth 15,032. A second-largest stockholder of PIXY, Geode Capital Management LLC, holds 12,399 shares, controlling over 0.10% of the firm’s shares. Jane Street Capital LLC is the third largest shareholder in PIXY, holding 10,806 shares or 0.09% stake. With a 0.06% stake in PIXY, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 6,699 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.05% of PIXY stock, is the second-largest Mutual Fund holder. It holds 5,720 shares valued at 3375.0. Fidelity Extended Market Index Fu holds 0.04% of the stake in PIXY, owning 4,918 shares worth 2902.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PIXY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PIXY analysts setting a high price target of $1.30 and a low target of $1.30, the average target price over the next 12 months is $1.30. Based on these targets, PIXY could surge 217.07% to reach the target high and rise by 217.07% to reach the target low. Reaching the average price target will result in a growth of 217.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded PIXY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 0 while 51 shares were sold.